Looking at this Fib level with the red rectangle on the macro trend as the peak in our current trend before we set a higher low.
I don't see bitcoin going higher than the .382 Fib in the $9k range before we see a retest of our December 2018 lows.
I still don't think this bear market is quite over.
$BTT sticking nicely to a falling wedge pattern.
See accumulation at current levels, but I believe it will continue to follow it's way down to the listing price of 9 SATs.
This type of price action should result in a double bottom RSI around these levels, and could then signal the official reversal dependent on over all market conditions.
My projection within the...
Hoping for a small bounce here short term. Bullish divergence on 4HR RSI. MACD keeps looking like its trying to curl up. Right on the 200 MA as of now.
Looking like it's breaking the dotted red trend support right now. Expecting to test 7-7.2k range. These levels seem to coincide well with the 200MA and .618 Fib on a 4 HR chart.
Thinking if more $BTC sells of into these alt coins we could see a further drop to the $7693-$7849 range. This is where the 99 MA is coming up and is also a .618 Fib level from bitcoins last move up.
Been noticing a lot of measured moves in several alts lately. Bottom could be in, but if $BTC continues to move up I could see a retracement to the 1364-1464 happening. I absolutely do not see $ICX falling below these levels. I have been laddering slowly into a short/medium term swing position since around 1780 SATs -0.53% . A retracement to these levels would be...
Price currently staying well below the 99 and 200 MA. Indicators still signaling bearish to me. This could be bottom, but unlikely in my opinion, as bears will likely try for one more squeeze.
Can't see price falling below that yellow trend line as it should act as heavy support for the overall price to continue trending upwards on a macro level.
I see worst case...
Hoping to see something like this unfold over the next week or so as long as overall momentum keeps up.
If Current Elliot Wave Sequence fails, could see another breakdown to the low 8000 range.
Otherwise, I think this is a 5 wave sequence to get back to $9000+.
Thinking there could be further retracement on icx until btc reconsolidates a little, or breaks above 10k. Hopefully get a bounce off of the .786 Fib to re enter previous channel. Would like to see some more accumulation at these ranges before further movement upwards.
Breakoutdown 1 more time from this bear flag sharply to create V bottom back up into possible previous channel.
worst cast break down to 7.6, but currently see this unlikely unless we went to 350 bil global market cap.
